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Varonis Systems, Inc. (VRNS)
NASDAQ: VRNS · Real-Time Price · USD
48.88
-0.08 (-0.16%)
At close: Oct 8, 2026, 4:00 PM EDT
49.25
+0.37 (0.76%)
After-hours: Oct 8, 2026, 7:49 PM EDT

Varonis Systems Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
688.1623.53550.95499.16473.63390.13
Revenue Growth
15.61%13.17%10.38%5.39%21.40%33.29%
Gross Profit
530.31491.56457.1427.41403.8330.74
Operating Income
-149.56-145.85-117.65-117.22-121.23-98.69
Net Income
-141.38-129.32-95.77-100.92-124.52-116.86
Earnings Per Share
-1.22-1.13-0.86-0.92-1.14-1.11
EPS Growth
------

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Term License Subscriptions
56.83109.64254.24356.49363.9-
SaaS
600.93462.6208.7844.422.25-
Maintenance and Services
30.3351.387.9398.25107.49119.3
Revenue (Total)
688.1623.53550.95499.16473.63390.13

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
911.531,1081,227745.81732.89807.94
Total Debt
528.37521.75754.41311.84316.46302.82
Net Cash (Debt)
383.15586.42472.91433.98416.43505.12
Net Cash Growth
-8.34%24.00%8.97%4.21%-17.56%1871.65%
Net Cash Per Share
3.315.134.243.983.814.80

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
138.21147.43115.259.4211.877.18
Capital Expenditures
-16.26-12.63-6.69-5.1-11.4-10.49
Free Cash Flow
121.94134.8108.5154.320.48-3.31
Free Cash Flow Growth
-2.30%24.24%99.76%11335.16%--

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
77.07%78.83%82.97%85.63%85.26%84.78%
Operating Margin
-21.73%-23.39%-21.35%-23.48%-25.60%-25.30%
Pretax Margin
-19.52%-18.66%-15.07%-17.41%-23.40%-28.41%
Profit Margin
-20.55%-20.74%-17.38%-20.22%-26.29%-29.95%
FCF Margin
17.72%21.62%19.69%10.88%0.10%-0.85%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
222.99128.07154.00131.97110.89197.66
P/FCF Ratio
46.0428.6946.0590.835555.09-
PS Ratio
8.166.209.079.885.5713.42